Shrilekha Pethe

About the Author Shrilekha Pethe

Airbnb Beats 4Q Sales, Sees Booking Demand Picking Up; Shares Pop 13%

Shares of Airbnb surged 13.3% on Friday as the online vacation home rental marketplace posted better-than-expected quarterly sales and sees booking demand picking …

AT&T To Spin Off DirecTV In $16.3B Venture With TPG

AT&T has agreed to spin off its video business unit, DirecTV, in a $16.25 billion transaction with private equity firm TPG Capital.

Plug Power To Invest $290M To Set Up Largest Green Hydrogen Plant In North America

Plug Power Inc will be building the largest green hydrogen production facility in North America, the provider of hydrogen fuel cell turnkey solutions …

Tesla Confirms Fremont Factory Restart After Parts Supply Shortage – Report

Tesla’s CEO Elon Musk confirmed in an email that the electric vehicle (EV) maker’s Fremont car production line is up and running. According …

Salesforce Posts Strong 4Q Earnings But FY22 Guidance Disappoints; Shares Drop 4.8%

Shares of Salesforce dropped 4.8% in extended trading on Thursday even after posting strong 4Q earnings as the cloud-based software provider guided for …

Beyond Meat Posts Mixed 4Q Results; Street Says Hold

Beyond Meat reported a mixed bag of results on Feb. 25.

Moderna 4Q Revenues Jump To $571M On Back Of COVID-19 Vaccine; Shares Rise 4%

Shares of Moderna, Inc. jumped 4% in morning trading as the COVID-19 vaccine manufacturer reported strong 4Q revenues of $571 million versus $14 …

Exxon Mobil To Sell UK Non-Operating Assets To HitecVision For $1B

Exxon Mobil is selling its non-operating upstream assets in the UK’s central and northern North Sea to HitecVision for around $1 billion. The …

Jumia 4Q Revenues Miss Estimates, Losses Narrow To €40M

Shares of Jumia Technologies fell 2.2% in pre-market trading after reporting disappointing 4Q revenues.

Moderna Plans To Increase Supply Capacity For COVID-19 Vaccine; Shares Spike 5%

Shares of Moderna Inc were up by 4.9% in pre-market trading on Feb.

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